Rebar prices in Raipur largely stable on moderate demand

IF-route rebar prices remained stable at INR 50,800/t d-o-d in Raipur on account of moderate trade activities. Confirmed deals of 2,200 t were recorded by SteelMint in today’s trading session. However, a few trade participants expect blast furnace-route rebar prices to fall, resulting in IF-rebar buyers adopting a wait-and-watch approach.